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.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion of contracts around the world. potential losers include pension funds, insurance companies, and individuals. more than a dozen banks have been caught up in an international inquiry and there are more cases to come. >> i would imagine there are probably more skeletons in the covered, and that really think that some point policy makers and regulators need to start focusing on the fact that we will
to come. in just one instance revealed by the u.k. financial services of 40, ubs made corrupt payments of about $24,000, a quarter over 18 months, to reward brokers for helping to manipulate the global interest rate. the u.k. authorities have already arrested three people in connection with the serious fraud of criminal libor investigation. >> shareholders are getting more serious about asking serious questions with these practices. there have not been enough to drive an enormous or definitive change in the banking culture as a result. this is why many people say the financial companies will not be as significant -- the financial penalties will not be as significant as the criminal police. >> ubs, already rocked by a rogue trading scandal, a tax investigation, and huge subprime losses. >>> william black is a former u.s. federal regulator and associate professor of the economy and law at the university of missouri. >> there is nothing astonishing about this behavior. this is what virtually every large banked active in the market did. and they did this quite predictably because the top m
force the u.k. government to make payouts of the payout over the space of three years. beatings, threat, sleep depravation, sexual humiliation say amount to systematic torture. >> you have to be very careful before you start embarking on anything that might turn into torture. the question is, of course, whether sleep depravation, whether food depravation, water depravation whether putting somebody in a cell without any access to any light or ability to exercise, well, is this torture? it doesn't take much of that to constitute torture. >> britain's ministry of defense while acknowledging the payouts assures that it wasn't anything but a few. the vast majority he said have acted with dignity. we seek to ensure that those responsible are brought to justice [beep] -- brought to justice. [beep]. [beep]. >> but it's starting to cost the u.k. government a lot of money. >> $3 million have been paid out. that's an average about 114. with almost two -- 200 cases the ministry of defense is likely to get bigger. there are the 700 or so individuals that could be filing claims in 2013. >> still ahea
of what weather. it is piling up over the u.k.. that is why we have the flood warnings. you can see more clouds trying to make its way across europe. as the rain makes its way into the cold air, it is turning more wintry. we will see it turned to snow. behind it is where the milder air is. towards the northwest, the rain continues. for the u.k., it will still be very what -- it will still be very soggy. we're looking in the top temperature of around 19 degrees. there is likely to be more in the wake of clouds. there could be showers across libya and parts of egypt. green festival, only on link tv. >> welcome back. police in india have used water cannons to disperse crowds in new delhi. people have been on the streets for six days voicing anger over the gang rape of a young woman. mario monti says his country has pulled itself out of the financial crisis. he stepped down after silvio berlusconi's right party withdrew support for the government prepare. the vote on the draft constitution in egypt is expected on monday. the moslem brotherhood is claiming victory. a senior provincial ministe
toward the alpine region. some shower weather for the u.k. and much of france, too. over eastern parts of europe seeing cloudy skies, outbreaks of rain. -14 degrees is expected in moscow. we have a fairly brisk, northwesterly wind making an impact all the way down towards sudan seeing temperatures below average at 29 degrees. as we move into central parts of africa, while the monsoon rains are pushing further, a decent amount of rain is being reported but generally you see the rainfall pushing away from the democratic republic of the," . -- of congo. >> the french president, president hollande, has addressed the parliament as it celebrates 50 years of independence. although he did not directly apologize, he did say he recognized the suffering experienced by algerians. u.n. secretary general ban ki- moon sees little hope for political dialogue and is worried about atrocities being committed by both sides in syria. vladimir putin appears to be distancing himself from the syrian president. he says russia is not backing the syrian government at any cost. south korea's first-team a presiden
been found guilty of misleading and dishonest conduct by u.k. medical tribunal. the verdict is another victory. their father's death brought one of the largest increase in the british army. this is was not unique. it prompted a wider inquiry about the treatment of iraqi detainees. the doctor now worsen in medical practice in northern england. he has always denied any wrongdoing. >> the blitz was a bombing campaign during the second world war which almost brought london to its knees. now the designers of an interactive map that shows where every bomb was dropped has been overwhelmed by popularity with millions of people from around the world visiting. >> they were the darkest days in london's long history when the bullets hit, more than a million houses destroyed and many of the landmarks. now this web site helps us understand what happened. each red dot marks where a bomb fell on london. there are 31,000 dots in all. the website designers painstakingly matched all maps with today's street grid to pinpoint exactly the locations. the popular response has been overwhelming. >> even though
in across the uk, down into much of france. flooding is likely. it should be fine across much of the iberian peninsula, 15 degrees expected in madrid. further east, this extends through north africa, so for both tripoli and benghazi, it will be cloudy, the chance of some showers. 19 degrees in cairo as a maximum. along the coast, for the west, whitely dryer -- likely dryer. solutions for america, friday, 7:00 p.m. eastern, 4:00 p.m. pacific. >> hello again. top stories on al jazeera, at least 30 people have been killed in southeastern kenya. the deaths in the delta region have been blamed on fighting between the orma and pokomo tribes. the first round of the draft for the egyptian constitution is planned for friday. u.s. president barack obama says he will work with congress to avert spending cuts and tax hikes in the new year. where republicans budget bill to avert the -- a republican budget bill to avert hit the fiscal cliff was killed in the house. 20 people have been killed in flash floods and landslides in sri lanka. 14 people are missing. tens of thousands of people have been affected.
it to victory in the first gulf war has died. why a group aimams in the u.k. base eyeing women who marry out of their faith should be accepted. >> more lively showers coming in across parts of northern australia, particularly of course -- across the north and west. an area of clouds tumbling its way in there. a good deal whether -- wetter. is still very hot in perth, temperatures around 30 degrees celsius looking for high temperatures around 32 for brisbane. drying out toward the southeast. rain affecting new zealand the next couple of days -- further north we may see a tropical storm developing around the solomon islands which would bring increasingly what weather across the region. pretty wet across the good part of southern india and sri lanka, the northeast monsoon, one terrain's across a good part of sri lanka now struggling with widespread flooding. over 300,000 affected. north, largely dry. winter weather along afghanistan and northern pakistan and the far north of india, in the process of petering out. we have rain petering out across the arabian peninsula. in doha, lively downpours
. cairo, a high of 21. in the u.k., quite a bit of flooding as the system has pushed persons thursday. unfortunately, this is what it looks like on the ground. a lot of the areas here are flooded and the water levels are quite high. we have warnings in effect across the area. look at the forecast. as you can see, another system coming out of the atlantic so we will start with the lighter showers. by the target to tuesday, showers will increase. where the rest of europe, we're looking at an ice conditions. non-profite, pro-people. >> welcome back. the top stories are now the zeroth, wounded dr. 21 of his colleagues were found shot dead in a remote tribal region. the officers were kidnapped on thursday. hundreds of suny muslims -- sunni muslims protesting that they're getting targeted for arrest. they have been protesting for days. prayer is being held in india for a gang rape victim who died from her injuries. her body was cremated after being flown back from singapore. six men are being charged with her murder. let's get more now on the security situation in pakistan. they say it is u
Search Results 0 to 8 of about 9

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